How much is knock down and rebuild in Melbourne?
Have you ever felt that while you love where you live, you’re starting to outgrow it, or you just simply don’t like your current house anymore?
If you answered yes to both, you’re not alone. A growing number of Melbourne households are moving away from the idea of buying in a different area and deciding to stay put, knocking down and rebuilding their existing build.
Maintaining a lifestyle people have grown to love in a place they know and love is becoming an important factor in Melbournians' lives.
In this article, we’ll look at the associated costs with a knockdown rebuild for home builders.
How much a knockdown rebuild cost?
Financing
Your Home Builder
Building Plans and Design
Demolition
Temporary Accommodation
Knowing the processes in this type of development will help familiarise yourself with what costs you’ll need to consider to determine if it’s the right option moving forward.
Financing
If you’re doing a knockdown rebuild, a construction loan may be the right loan for your needs. But it’s best to speak to your bank or mortgage broker to see what is the right loan for your needs.
Your Home Builder
With many things to consider in a knockdown rebuild, one of the most important things is who you choose to be your home builder. A custom home builder will be vital to building the home of your dreams if you live in an established area. At Jem Homes, we have an intimate understanding of what homeowners need in a knockdown rebuild, and we’re here to help build the house you’ve always wished for.
Renovation costs have skyrocketed in recent years, making it less affordable to meet household demands. This is where knockdown rebuilding has become a more cost-effective solution from a cost-per-square-metre point of view compared to a traditional renovation.
Custom home builders can also provide a greater level of reassurance in a knockdown rebuild because the entire house is being built from the ground up rather than tacking on to the work of a previous home builder they can’t vouch for.
When you fully rebuild a house with Jem Homes, you can have peace of mind in the end that it is built from a seamless design, ensuring quality control is of a high standard.
Building Plans and Design
It’s good to do a little bit of homework upfront to look into costs, like having your building plans assessed by Council. Of course, this will all depend on where you live but start by having a conversation with your local council by advising them on what you are proposing to do.
Also, look into Council regulations, and local planning restrictions, as these can affect what you’re able to do in your area - particularly if you live in a well-established area or somewhere with significant heritage appeal. This could impact how your house will be designed, so understanding what you can and can’t do in your area will help you have the right conversations to get the right outcome.
Once you’ve sorted out your home builder and got your plans and building approved by Council, you’re going to need to arrange to demolish your existing house. This can be an emotionally big step and again comes with costs you’ll need to think about.
Demolition
It’s the owner’s responsibility to pay for demolition and the associated costs. But there’s more to it than just knocking down your old house. You’ll need to arrange permits, asset protection, tree removal, disconnecting utilities, and traffic management.
Other factors like building materials and the size and access of the existing house will likely affect how much this step costs. It’s best to shop around to get the most competitive quote for your demolition.
At Jem Homes, we’re experts at knockdown rebuilds in Melbourne. Speak to us to see how we can help you during the demolition phase.
Temporary Accommodation
When you knock down and rebuild, staying on-site, unfortunately, isn't a viable option due to the nature of the work being done. With construction taking several months to complete, hours of operation starting as early as 6 am, and the physical space and safety requirements for builders and other tradespeople to access the site, you’ll need to consider temporary relocation costs in your equation to knock down and rebuild. You may be able to find more affordable solutions to minimise your expenses, but individual circumstances will vary.
While this stage may come with minor inconvenience and cost, it’s good to remind yourself of what’s on the other side of construction. With that in mind, what will cause the least amount of inconvenience and stress for you and your family, in the end, will be an important consideration.
So once everything in the knockdown rebuild is all said and done and it’s time to hand over the keys, it will be time for you to kick back, relax and enjoy your new life. The familiarity of being in the same area you’ve grown to love and the added joy of your new home that meets your needs as a family for years to come will be something to cherish as you move into a new phase of your life.
While there are many costs to consider in a knockdown rebuild, you’ll need to weigh whether it meets your needs over a renovation or relocating to a new area. While financial elements can impact your decision-making, offsetting this with the emotional connection you form from living in a community over time is also a really important factor to consider in this process.
Ready to start your KNOCKDOWN AND build?
At Jem Homes, we’re experts at knock-down and rebuilds in Melbourne. We can help you build your new dream home. Email Us today! or Call Us 0423 044 467